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Dec 7, 2012
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. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to spend, that translates into $200 billion of less consumer spending next year. and that's bad for businesses, large and small. >> reporter: behind the scenes, the two sides are talking again. but there was no progress in public. senators today fought over the debt limit, and ended up deadlocked over a bill to allow the p
. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its...
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Dec 25, 2012
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as erika miller reports, retailers hope they'll turn a ho-hum christmas into a merry one. >> reporter: the success of the holiday season for retailers depends on procrastinators, and also on families like the greers picking up a few extra gifts before the big day. >> we are looking for stationery, for frames. >> reporter: and that also means more gift wrap. >> we want gifts that you wonder if you really want to open them. that's what we want, those that catch your eye-- the beautiful bows, the wired ribbon. it's all so much a part of it. >> reporter: statistically, men are far more likely to leave their holiday shopping till last-minute. >> we do notice a lot of men coming into the store. i would say the difference between the men and the women-- the men come in, and they want us to take the lead and show us how it's done. >> reporter: not surprisingly, most stores are pulling out all the stops today to lure shoppers, offering deep discounts. >> the weather hasn't gotten cold in the majority of the country, through the midwest and the northeast. so cold weather categories like sweater
as erika miller reports, retailers hope they'll turn a ho-hum christmas into a merry one. >> reporter: the success of the holiday season for retailers depends on procrastinators, and also on families like the greers picking up a few extra gifts before the big day. >> we are looking for stationery, for frames. >> reporter: and that also means more gift wrap. >> we want gifts that you wonder if you really want to open them. that's what we want, those that catch your eye--...
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Dec 6, 2012
12/12
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>> i do not. >> tom: daniel rohr with us, he is with morningstar. >> reporter: i'm erika miller in new york. tomorrow, we'll talk to the c.e.o. of kitchen chain sur la table and hear his outlook for holiday spending. >> susie: finally, we want to remind you about a special guest on "n.b.r." tomorrow: "n.b.r." founding co-anchor paul kangas will join us tomorrow night, december 6. and we'll talk about the markets, and he'll answer some of your questions. that's tomorrow night. and you can submit your questions on facebook or twitter at bizrpt. i'll be in miami with both of you. >> tom: we've been straightening up the studio for your visit here, susie. we've been sweeping up and cleaning up. >> susie: i was counting on that. thanks, tom. >> tom: you've got it. >> susie: that's "nightly business report" for wednesday, december 5. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgborg >> join us anytime at nbr.com. there
>> i do not. >> tom: daniel rohr with us, he is with morningstar. >> reporter: i'm erika miller in new york. tomorrow, we'll talk to the c.e.o. of kitchen chain sur la table and hear his outlook for holiday spending. >> susie: finally, we want to remind you about a special guest on "n.b.r." tomorrow: "n.b.r." founding co-anchor paul kangas will join us tomorrow night, december 6. and we'll talk about the markets, and he'll answer some of your...
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Dec 20, 2012
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>> reporter: erika miller, "n.b.r.," new york. >> susie: tom, something for you to think about. >> tom: shaving cream in my shocking, maybe. >> susie: that's "nightly business report" for wednesday, december 19. have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt. narrator: explore new worlds and new ideas through programs like this. made available for everyone through contributions to your pbs station from viewers like you. thank you. matthew morrison: he was the third generation in a family of theatrical producers. his grandfather oscar the first in opera, his father, willy, in vaudeville, his uncle arthur in operetta. oscar the second was blessed by genes and genius. he wrote the lyrics for over a thousand songs a
>> reporter: erika miller, "n.b.r.," new york. >> susie: tom, something for you to think about. >> tom: shaving cream in my shocking, maybe. >> susie: that's "nightly business report" for wednesday, december 19. have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>...
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Dec 20, 2012
12/12
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>> reporter: erika miller, "n.b.r.," new york. >> susie: tom, something for you to think about. >> tom: shaving cream in my shocking, maybe. >> susie: thas "nightly business port" r weesday, decber 19 have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
>> reporter: erika miller, "n.b.r.," new york. >> susie: tom, something for you to think about. >> tom: shaving cream in my shocking, maybe. >> susie: thas "nightly business port" r weesday, decber 19 have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us...
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Dec 18, 2012
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erika miller spent a morning finding out. >> reporter: if you want to know santa's true helpers, they're people like tony roshdy. i met up with him recently at 9 a.m., both of us dressed in brown polyester. >> you ready to do some work? >> reporter: i am ready! by then, most of the packages had already been loaded on the truck: is there a strategy to loading up the truck? >> there's definitely a strategy. like every building. let me give you an example. i already know that this is 31 west 27th. i don't even have to look at it. i'm going to go over here, it's gonna say 31 west 27th. >> reporter: typically at this time of year, how many packages are in your truck? >> i'm averaging somewhere between 300 an 380, on a regular basis. but that's only the delivery portion. >> reporter: but, suprisingly, there's no special treatment for fragile items: >> you can't sit there and say this is fragile, i'm going to treat it different. because that means you're treating your other boxes unprofessional. you have to treat every box as if it was fragile. >> reporter: now it's time to do a safety check. >
erika miller spent a morning finding out. >> reporter: if you want to know santa's true helpers, they're people like tony roshdy. i met up with him recently at 9 a.m., both of us dressed in brown polyester. >> you ready to do some work? >> reporter: i am ready! by then, most of the packages had already been loaded on the truck: is there a strategy to loading up the truck? >> there's definitely a strategy. like every building. let me give you an example. i already know...
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Dec 28, 2012
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erika miller, "n.b.r.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everything from the point
erika miller, "n.b.r.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with...
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Dec 21, 2012
12/12
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erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independence and be bought by a little-known rival in atlanta. the intercontinental exchange, or "ice" for short, was started 12 years ago as an energy trading platform. since then, the exchange has evolved into an internet-based marketplace trading futures, options, and derivatives. the reason it wants to buy the n.y.s.e. is not the plain vanilla stock trading business. the jewel in the deal is a division called "liffe," a leading futures and options exchange. it's based in london and drives over 40% of n.y.s.e. profits. >> it has a business that deals, for instance, in financial derivatives. these are derivatives contracts tied to financial products like interest rates, and ice has been wanting to expand in that direction for a while. >> reporter: as for the n.y.s.e., it's no secret that this year has been a tough one for the stock trading business. in addition, fewer companies are going public, so the i.p.o. market has dried up.
erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independence and be bought by a little-known rival in atlanta. the intercontinental exchange, or "ice" for short, was started 12 years ago as an energy trading platform. since then, the exchange has evolved into an internet-based marketplace trading futures, options, and derivatives. the reason it wants to buy the n.y.s.e. is...
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Dec 12, 2012
12/12
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erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply extend its operation twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's balance sheet the same size. now, the fed may be ready to do a new stimulus dance. >> under twist, they've been purchasing $45 billion longer term treasuries while at the same time selling $45 billion short term. they've pretty much run out of short-term stuff to sell, so i think they'll be continuing to purchase the long term, but purchasing outright, expanding their balance sheet. >> reporter: and that would be on top of $40 billion a month already committed to buy mortgage-backed securities. some experts worry that $85 billion a month in spending will escalate inflation and, eventually, it could ca
erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply extend its operation twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's...
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Dec 27, 2012
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erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainl
erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the...